CyberArk Software (NASDAQ:CYBR) PT Raised to $355.00

CyberArk Software (NASDAQ:CYBR) had its price target upped by Robert W. Baird from $315.00 to $355.00 in a research report released on Thursday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts have also issued reports on the stock. Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Barclays upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Susquehanna upped their target price on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Scotiabank assumed coverage on shares of CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company. Finally, Wedbush boosted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $306.58.

CyberArk Software Trading Down 1.2 %

Shares of CYBR stock opened at $290.04 on Thursday. The firm has a market capitalization of $12.26 billion, a PE ratio of -453.19 and a beta of 1.12. The firm has a fifty day simple moving average of $282.18 and a two-hundred day simple moving average of $262.32. CyberArk Software has a 12 month low of $154.76 and a 12 month high of $308.63.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The business had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.58) EPS. On average, equities analysts predict that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CYBR. Swedbank AB bought a new position in shares of CyberArk Software in the first quarter worth approximately $109,466,000. 1832 Asset Management L.P. grew its position in CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares during the last quarter. International Assets Investment Management LLC bought a new position in CyberArk Software during the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software during the second quarter valued at approximately $49,145,000. Finally, Clearbridge Investments LLC grew its position in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after acquiring an additional 160,269 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.